However, imports have fallen this year, partly reflecting a cut in supplies to South Korea by the National Iranian Oil Co due to lower production and the start of a new splitter, sources have said.

US light crude was 26 cents lower at $70.69 a barrel, also not far off its highest since November 2014. On Friday, prices dropped 66 cents to $70.70.

Oil climbed to a three-year high above $79 a barrel in London on heightened political risks in parts of the Middle East following unrest in Gaza and the return of sanctions against Iran.

OPEC and Saudi Arabia made similar statements past year at the beginning of their initiative to curb oil production, and some pundits took this to be a way to avoid any predictions that could prove wrong of higher oil prices resulting from their cutbacks.

Explosions in Jalalabad leave 9 dead, 36 injuredHe said security forces killed six of the attackers after two of them carried out suicide attacks near the building's entrance. The attack targeted the tax and revenue office of Nangarhar Province in the city center of Jalalabad on May 13.

Total volume traded Monday was about 15 percent below the 100-day average.

Consequently, the price of Brent and WTI rose from $76.80 to $77.99 and $70.50 to $70.91 respectively in the global market.

Futures for September delivery rose 1.6% to 472.8 yuan a barrel on the Shanghai International Energy Exchange.

Total shale spending is expected to rise 20% year on year in 2018 and 16% in 2019, with the bulk of investment expected to flow into the U.S., compared 3.5% for total non-OPEC spending this year and 8.1% the next as producers start to increase their capital expenditure. Opec has an adequate "buffer" of potential production to offset barrels lost from a re-imposition of Iranian sanctions, he said in an interview with Bloomberg Television.

Donald Trump is teaming up with ChinaAs a presidential candidate, Donald Trump said in 2015: "China, taking our jobs, taking our money". President Trump has intervened in the ZTE drama.

In Beijing, Iranian Foreign Minister Javad Zarif met with his Chinese counterpart Wang Yi at the Asian nation's invitation, marking his first stop on a diplomatic tour after the United States withdrew from the nuclear deal. Mr Zarif is scheduled to meet the British, French and German foreign ministers this week. March inventories were only 9m barrels above 5 year averages.

"However, even though unilateral USA export sanctions may not impose as significant an impact on the market for Iranian crude as previously, even a moderate impact will likely require cuts to existing production".

Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the global market which saw the price leap to $78 yesterday, up from $67 April average. Prices at the pump jumped 6 cents nationwide last week.

North Korea to destroy nuclear site ahead of U.S. summit: KCNAIt should be noted, however, that it is not yet clear if North Korea will also allow disarmament experts to come monitor the work. Located in mountainous terrain in the northeast of the country, Punggye-ri is less than 100 miles (160 kilometers) from China.

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Dolph Ziggler and Drew McIntyre had a plan last night, and it involved redirecting the force of nature known as Braun Strowman . Alexa Bliss joined Ember Moon and Charlotte Flair after defeating Bayley and Mickie James.

It will carry solar cells to charge up in the light of the sun and a heating mechanism to endure cold nights on the Red Planet . Once the helicopter is transported to Mars by way of the rover , it will begin flying around the planet on its own.

It's part of a league-wide trend, too: The 50 rookie skaters in these playoffs are the most since teams used 54 in 2005-06. Braden Holtby was spectacular in defeating the Pittsburgh Penguins. "Over the last 10 or 15 years, they're more prepared".

Heather Soroka, now serves as vice president of the school board and is seeking a second term on the Board of Education. The drop-ins for Robbins and Wilson will take place from 4 to 6 p.m. on Wednesday and Thursday, respectively.

Seattle's James Paxton (2-1) takes the mound Sunday for the first time since throwing a no-hitter Tuesday at Toronto. The Mariners are 4-1 in their last five during game three of a series and 4-0 in Paxton's last four road starts.

He inspired an instant revival with five wins in his opening nine league games to climb clear of the bottom three. City left it to virtually the last kick of its last match to reach the magical 100-point barrier.

Tirupati urban superintendent of police Abhishek Mohanty said, "A stone is said to have been thrown at a private auto ". At this meeting, the chief TDP played the videos of Modi's speech he delivered in Tirupati on the same day in 2014.

Of note, Scuderia Toro Rosso's Brendon Hartley did not take part in qualifying after a big accident in FP3. Stroll almost hit the tire barriers after going off the track with about a half-hour left in the session.

This is the past year under the current format before the National Basketball Association implements its new draft lottery rules. Ironically, the Cavs are in the lottery thanks to the Brooklyn pick they received in the Irving trade with the Celtics.

Also on Sunday, police said they killed four suspected members of JAD in Cianjur, in West Java province, and arrested two others. On Sunday, a family of six blew themselves up at three churches in Surabaya during morning mass services.

The latest bomber incursion reportedly seems to be part of a pattern of Russian nuclear coercion aimed at the United States. Two separate defense officials reached by Fox News said the Russian bombers came within 55 miles of Alaska's west coast.

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News Chronicle

Russia, Iran discuss nuclear deal after USA withdrawal
Zarif arrived in Beijing on Sunday for the first stop of his tour, ahead of visiting Moscow and Brussels in the coming days. But he added: "If the nuclear deal is to continue, the interests of the people of Iran must be assured".

Trump and Xi Move To Resolve Shutdown of ZTE Corp
ZTE is known to rely on importing chips from U.S. firms such as Qualcomm and Intel for up to a third of its components. When US President Donald Trump talks about saving jobs, it is usually American jobs he is making promises about.

What Trump's Iran decision means for oil and gas prices
Bruno Le Maire said Europe should not act as "vassals" to the USA or accept that it is the "world's economic policeman". President Donald Trump's decision will likely most hurt aircraft makers, oil companies and auto manufacturers.

U.S. detainees thank Trump and God for release from North Korea
It followed a second visit to Pyongyang by US Secretary of State Mike Pompeo on Wednesday to make arrangements for the summit. Trump has repeatedly said that if the meeting with Kim does not take the right course, he may walk out or cancel the summit.

Japan, China hotline to be switched on
Thailand has expressed its intent to participate and Taiwan and Colombia are also showing interest. He said that, starting today, bilateral relations have entered the era of coordination.